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The CESifo Group, consisting of the Center for Economic Studies (CES), the Ifo Institute and the CESifo GmbH (Munich Society for the Promotion of Economic Research) is a research group unique in Europe in the area of economic research. read on CESifo Group Munich

Ifo President Clemens Fuest has welcomed the European Central Bank's decision to scale back its purchases of government bonds as of March. “This is a step in the right direction. It would have been even better if the ECB had decided to make bigger cuts to the volume of its purchases, reducing them month by month,” he added.
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The Bundesbank’s balances within the Eurosystem (TARGET2 balances) hit an all-time high of 754 billion euros in November. Last month alone they rose by 46 billion euros. "The sharp increase was primarily due to growing capital flight from Italy and repurchasing operations by the European Central Bank (ECB),” said Ifo President Clemens Fuest in Frankfurt. "The German federal government should intervene and prompt the ECB to take measures to stem this irregular and excessive use of TARGET2 balances aimed at regrouping assets within the Eurozone," added Fuest.
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The surprising election of Donald Trump as US President has given rise to a great deal of uncertainty. The implications of Donald Trump’s victory for the USA and Europe are discussed in ifo Schnelldienst 23/2016 by Harm Bandholz, UniCredit Group, Detlef Junkers, Heidelberg Center for American Studies (HCA), Thomas Jäger, University of Cologne, Holger Schmieding, Berenberg, Josef Braml, German Council on Foreign Relations, as well as Stormy-Annika Mildner and Julia Howald, Confederation of German Industry.
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The 7th Energy Policy Workshop that is taking place on 9 December 2016 will look at the key issues of the energy turnaround. Which electricity market design can guarantee a reliable, cost-effective and ecological electricity supply as the share of renewable energies rises? What progress has been made with network expansion to date? These and other questions will be raised at the event, which will be jointly organised by the Ifo Institute, the Hochschule Weihenstephan-Triesdorf and the Technical University of Munich. It will be held at the Ifo Institute.
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German companies are less satisfied with their newly-recruited graduates than a decade ago. According to the Randstad Ifo Personnel Managers Survey, 32 percent of survey participants were less satisfied with graduate education, while only 2 percent were more satisfied and 43 percent reported no change in their satisfaction level.
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Ifo Export Climate for October 2016

Dec 5, 2016:
The Ifo Export Climate rose from 0.26 index points in September to 0.37 points in October. This increase was primarily due to an improvement in corporate and consumer confidence abroad. Price competitiveness, by contrast, remained unchanged compared to last month.
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Credit Constraint Indicator - From the Ifo Business Survey for November 2016

Nov 29, 2016:
German companies continue to have little difficulty in obtaining bank loans. The credit constraint indicator for trade and industry rose slightly from 14.4 percent in October to 14.6 percent in November. This is the share of firms reporting restrictive lending by the banks. Financing conditions continue to be very good.
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Ifo Employment Barometer - Results of the Ifo Business Survey for November 2016

Nov 29, 2016:
German firms intend to hire additional staff. The Ifo Employment Barometer rose to 111.1 points in November, having stood at 110.7 points in the previous month. The number of jobs in Germany is on the rise.
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Results of the Ifo Business Survey for November 2016

Nov 28, 2016:
The Ifo Business Climate for industry and trade in eastern Germany trended sideways in November. Although the survey participants assessed their current business situation somewhat less favourably than in the previous month, they look forward to the coming months with slightly increased optimism.
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Ifo Export Expectations - Ifo Business Survey for November 2016

Nov 25, 2016:
German industry expects a slower increase in exports. The export expectations fell from 13.9 balance points in October to 6.9 points in November. The results of the US elections seem to have caused uncertainty among German exporters.
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Results of the November 2016 Ifo Business Survey

Nov 24, 2016:
Confidence in the German economy continues to be good. The Ifo Business Climate Index remained unchanged at 110.4 points (seasonal adjustment correction) in November. The firms were once again more satisfied with their current business situation, but with regard to the coming months they are somewhat less optimistic. The economic upturn in Germany remains intact. The German economy seems to be unfazed by the election of Donald Trump as US President.
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Results of the November 2016 Ifo Business Survey

Nov 24, 2016:
In the service sector, business confidence has improved. The indicator rose from 32.3 balance points in October to 34.8 points in November. The companies gave significantly more favourable assessments of the current situation. Their expectations for the coming months, on the other hand, have been downgraded slightly. The firms plan further increases in the number of employees.
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Results of the Ifo World Economic Survey (WES) of 4th quarter 2016 (10 November 2016)

Nov 10, 2016:
The Ifo Index for the world economy improved, rising 4.5 index points to 90.5 points in the fourth quarter and returning to the level seen in the second quarter. Despite this improvement the figure remains around six index points below its long-term average. Experts’ assessments of the current economic situation remained unfavourable, with no change since the second quarter. Expectations brightened somewhat and the world economy seems to be swinging back on track for a moderate recovery. According to experts‘ assessments, Donald Trump’s election as US President represents a major risk for the world economy. They assessed Hillary Clinton’s election, by contrast, as slightly positive. The survey was completed in October.
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Advance results of the Ifo World Economic Survey (WES) of 4th quarter 2016 (03 November 2016)

Nov 3, 2016:
Economic sentiment in the euro area improved this quarter, but to markedly different degrees across member states. The Ifo index for the economic climate in the euro area rose from 111.6 points to 116.8 points in the fourth quarter. The current economic situation remains unchanged and the improved economic climate was entirely due to more positive expectations. The economic recovery in the euro area is expected to continue at a sluggish pace.
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